Will 2021 be the year you finally fulfill your dream of launching a successful online business? You think about it every year, and you've culminated hundreds of business ideas inside your head and imagined how your life would be when you earn money on the internet while quitting your tedious 9-5 day job.
You could achieve financial freedom, travel the world without any issues, and most importantly, spend more time with your friends and family. You could finally get away from the 9 to 5 job you've always hated and do whatever you feel and whenever you feel like doing it.
That said, the opposite usually happens. Generally, people spend more time considering the business idea but ultimately fall back to their comfort zones rather than putting it into immediate effect. The ease of having somebody else telling you how to perform your duties instead of figuring them out by yourself, a steady income, and a consistent work schedule are a few reasons people do such a thing.
However, not to worry, as we are here to tell you that 2021 is the year to take your online business ideas and turn them into a reality. There are tons of opportunities to earn money online these days. And with the help of a few low-cost online business ideas, like the ones mentioned below, you can finally quit your mundane desk job and earn some real cash!
But before you start planning, there are two aspects of business that you must have at your disposal before diving into the industry you're interested in; education and experience. Without either, it is near impossible for you to thrive in business.
Fortunately, with online education gaining more and more momentum due to the ongoing pandemic, earning an online degree is hassle-free. Since you're taking your ideas into the evolving business world, this is an excellent time for you to register for an online masters degree in business administration to help grasp business fundamentals and learn how to market your skills to the world.
Without further ado, let's start with the list of low-cost online business ideas you should try in 2021.
1. Online content creation services
The 24-hour news cycle and social media constantly provide creative professionals such as graphic designers or writers with tons of opportunities. These individuals can utilize their talent and skills to create top-notch shareable content for media outlets and businesses worldwide. Plus, due to the ever-growing gigs of contract and freelance workers, it is now easier than ever to market your services as a professional content creator. So, if you desire content creation and have the necessary business knowledge, you can turn your passion for content creation into a viable business.
2. Social media consultation services
While multi-billion dollar corporations have an army of employees to manage their Twitter and Facebook accounts and blogs, small business owners usually have to take care of this task independently. However, they might be overwhelmed or too busy to develop an effective social media strategy as they have to take care of other important business-related tasks.
Such a thing presents an excellent opportunity for individuals who spend most of their time on social media. As a social media consultant, you can help these small businesses identify the best social media strategies that they should employ. In addition, you can help them out with their content posting schedules and other social media-related tasks. For a price, of course!
3. Online tutoring service
Where do your passions lie? Cooking? Web development? Fitness? As the Joker famously stated,' if you are good at something, never do it for free.' While some might say that the Joker was a psychopath, what he said still holds value.
If you have immense knowledge about something, you can enrich other people's lives by offering online tutoring services. It is as creating a website and posting instructions videos on it. You can also take your online tutoring business one step further by offering your clients real-time one-on-one online classes through skype.
4. Online bookkeeping services
Contrary to what people believe, you don't need an accounting degree or a certification( although previous bookkeeping experience or an associate accounting degree is preferable) to work as a freelance bookkeeper. All you require is practical, basic accounting knowledge, a knack for numbers, and an online bookkeeping platform, of course.
Some of the services you can offer include; maintaining filing systems and accounting software, creating employee payroll, issuing financial statements, developing balance sheets, and much more.
5. Online clothing store
If you have some time on your hands and a unique few designs, you can get your online clothing store up and running. That said, if you already have an eBay or Shopify accounts, you can launch your clothing line using Printful, Printify, Oberlo, or any other product-sourcing application.
These applications handle the entire retail fulfillment process and give you the freedom and time you need to develop designs of your choice. So, go ahead and set up a dedicated website or create an account on an online marketplace such as eBay, Shopify, or Amazon to launch your online clothing store today!
6. Web and app development services
If you're already tech-savvy, you need to acquire some basic coding skills, and you can quickly launch an online web and app development business. So, whether it's a website, Shopify apps, or mobile apps, you can develop products that people can purchase or become a service provider.
For instance, you can develop custom Shopify themes and sell them to online merchants searching for affordable website design solutions. Or better yet, you can acquire multiple clients and create websites according to their specific needs and requirements.
Conclusion
If you've ever thought about starting an online business, 2021 is the best year to take the initiative and create a new startup to fulfill all your financial and professionals needs. That said, you don't need to have an all-in approach.
Instead, start with something small like a side hustle and gradually scale up as you earn profits. The online business ideas mentioned above are a great place to start as they require little to initial funds to set up shop.
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